Environmental Economics - 2018

Unit summary


  • Level of Study: Undergraduate Level 2
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP1
  • Availability for 2018: SP1
  • Assessment: Assessment - Individual (20-30%) , Invigilated Exam - Individual (40-60%) - Learn more

Unit provided by

2018 Fees
Domestic 3,070.00
Domestic continuing 1,465.00
HECS 1,368.00
International 3,320.00
International continuing 1,715.00

Tuition fees are reduced for continuing registered SWI students.
Please login to view the applicable amount.

In this unit students will learn to demonstrate the important contribution economics can play in managing the environment, and understand and appreciate the many multidisciplinary aspects associated with modern environmental problems, which have the potential to threaten human survival on our planet; the Earth. Issues in environmental economics and environmental policy making (e.g. global warming, environmental pollution, and sustainable use of resources) will be discussed. Through this students will learn how to determine the ‘efficient level of pollution’ as well as learn about appropriate instruments that help to reach policy goals. We will also discuss the role of externalities and public good in environmental policy making.

Students who successfully complete this unit will be able to:

  1. Describe and demonstrate the fundamentals of key environmental economic concepts, and alternative policy implications
  2. Discuss and debate socio-economic, social and political factors and their interconnectedness in relation to environmental matters 
  3. Analyse issues, relating to environmental economics demonstrating the ability to stakeholder viewpoints
  4. Work independently and collaboratively and critically reflect on individual performance.
  • Assessment — Individual (20-30%)
  • Invigilated Exam — Individual (40-60%)
  • Research Paper — Group (20-30%)
For more information on invigilated exams see Exams and results

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

This unit addresses the following topics.

1Introduction to environmental economics
2Market efficiency
3Market failure
4Valuing the environment
5Instruments for environmental management
6The macroeconomics of the environment
7The environmental movement and regulatory process in Australia; corporate sustainable development
8Contemporary issues - for example energy, waste, water, global warming

This unit is delivered using the following methods and materials:

Print based materials

  • Welcome Letter

Online materials

  • Printable format materials

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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